This is Aero TV's Daily Update on EAA AirVenture Oshkosh for Wednesday, July 28th

ANN-E-I-C Note: As you read this, over 2 dozen ANN staffers, stringers and associates are finally arriving back home after working their (expletive deleted)'s off at the annual Oshkosh aerial insane asylum. We shot a record amount of material (and dozens of amazing Aero-TV and Aero-Cast programs are now undergoing development), wrote more stories than ever before and quite simply, had a blast working ourselves into a state of semi-consciousness with the BEST Oshkosh Crew we've EVER assembled. We will be re-running our carefully crafted Aero-TV Daily reports each day this week so that those of you who were at the "Big O" can see what we did while you were in Wisconsin trying to dry off and relive the best of the truly amazing (if soggy) week that was Oshkosh 2010.

Following that, we have some surprises for you... big ones -- REALLY big ones. And that means more than just dozens of REALLY great new stories, even greater Aero-TV programs (using some really slick new cameras that will blow you away), and some truly amazing Aero-Casts... and then... well... how about ANN's most aggressive site upgrade in the last five years?

That's right! There's a whole new ANN site coming SOON... and it will debut in a matter of days... and that's ONLY A SMALL PART OF THE GREAT NEW THINGS WE HAVE COMING YOUR WAY... stay tuned!!! -- Jim Campbell, Deeply Fatigued and Somewhat Soggy Editor-In-Chief/CEO (Guy Who Takes The Blame).

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FAA Administrator Randy Babbitt was on hand this week to address the media, and delivered a mixed report on safety.

Babbitt defended his agency from charges it inflates the costs of certifying new designs. Regarding the future of leaded aviation fuel, Babbitt explained the FAA's place in what is really an EPA process.

Two recipients of scholarships in the Able Flight program came to Oshkosh to receive their wings.

Cobalt Aviation made its first visit to AirVenture to introduce the new Co50. While the flight test aircraft did not make the trip over from France, Cobalt did bring a mock-up. We spoke with CEO and Founder, David Loury.

Mahindra Aerospace held a press conference to announce its recent acquisition of Gipps Aero.

And finally, join us for a look at highlights from Wednesday's air show, courtesy of the Aero-TV Oshkosh crew.

Join us again tomorrow for our next daily update on EAA AirVenture Oshkosh 2010... from Aero-TV.

FMI: www.eaa.org, www.aero-tv.net, www.youtube.com/aerotvnetwork, http://twitter.com/AeroNews